Skip to comments.30,000 NE Ohio homes await demolition
Posted on 11/21/2011 11:53:13 AM PST by EBH
Local lawmakers believe more federal demolition funds must be found to stop the dramatic drop in northeast Ohio property values.
Former Cuyahoga County Treasurer Jim Rokakis said he believes the number of condemned homes and buildings in northeast Ohio has ballooned to 30,000.
Rokakis blamed foreclosures and irresponsible banks, investment firms and individuals who have walked away or ignored their distressed properties.
The growth in vacant houses comes at a time when federal neighborhood stabilization funds, used to demolish these homes, will soon run dry.
Rokakis said vacant homes are one of the leading causes of a dramatic drop in regional property values.
"After 10 years of foreclosure crisis, we have an absolutely stunning drop in property values," said Rokakis. "This is not just the problem of the inner city, it's now become the problem of every homeowner in Cuyahoga County."
Rokakis pointed to a study by the Federal Reserve Bank of Cleveland...
(Excerpt) Read more at msnbc.msn.com ...
I’m sure this will not effect the voter turnout in the area.
We have the homeless, and we have vacant homes. It’s a shame most of the homeless have been so tainted by drugs or by liberalism that there is no point in putting them into the unwanted homes awaiting demolition. Marx, Lenin, Stalin, Pelosi, and Obama have a lot to answer for.
“Rokakis said he believes dropping property values will cause thousand of homeowners to demand lower property taxes during reassessments in 2012.”
Does anyone realize house prices can’t always go up and maybe younger workers need cheaper starter homes?
Citydata shows 69% voted for Obama.
Google shows their population has been dropping since 1980.
Message from Oklahoma to Ohio: tear down your own damn houses. Why do you need tax dollars from other states to solve your problems? Use some of those protected union workers to tear them down.
Hows that free trade working for ya Ohio?
and to think I almost moved there, courtesy of Allen-Bradley
“Citydata shows 69% voted for Obama.”
It’s everything you’d expect from a Democrat stronghold. In your face corruption. Staggering taxes, and a government that can’t get anything done.
So real estate interests are wanting the default and collapse to be more complete. They scoff at the consequences of their vain, thieving and lazy decisions while blaming various others. Alright. That’s the way we’ll go. Enjoy the interesting times and changes in character of leadership ahead.
Now don’t be thinking creatively like that. Everyone knows that the only solution to all government problems is to raise more revenue. :) I, for one, would like to see these so called distressed homes. Are they actually run down or is this just another, blighted area, eminent domain land grab.
Hell, give a couple rowdy kids a bulldozer and have them go to town. When I was 18 I’d have done that for free for the thrill.
Why not recycle? Homes are mostly wood..and seasoned wood is always of value, every for firewood. There's metal..piping, and other stuff..so why not hire some of the unemployed..not that expensive..minimum wage or a little higher..not that expensive...put them is small crews..to tear down these homes, sort out all the salvagable stuff..I bet much of it could be sold overseas...
And the solution to the problems in the northeast is more liberal politicians, and more powerful union labor. /s
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.